COMPANY INFORMATION 2Q2017 Opportunity Day Presentation GROUP - PowerPoint PPT Presentation

COMPANY INFORMATION 2Q2017 Opportunity Day Presentation

GROUP STRUCTURE ▸ Solar roof business 51% TICON ▸ Develops logistics DEMCO POWER 100% ▸ Develops logistics TPARK warehouses for lease 60% TPARK warehouses for lease in BFTZ Bangkok Free Trade Zone 100% ▸ A vehicle for 25% PT SLP SURYA TICON overseas investment (HK) TICON INTERNUSA ▸ Develops factories and logistics warehouses for 70% ▸ lease in Indonesia REIT manager TMAN ▸ A listed property ▸ DEVELOPS 15% fund of Baht TFUND FACTORIES 13.22 billion* FOR LEASE ▸ A listed property 16% fund of Baht TLOGIS 4.88 billion * ▸ A listed property 24% fund of Baht TGROWTH 5.76 billion * ▸ A listed REIT 12% TREIT of Baht ✶ Net Assets Value as of Jun.30, 2017 5.68 billion 2Q2017 Opportunity Day Presentation

COMPANY PROFILE Establishment Year 1990 Registered Capital Baht 1,834.14 million (as of Jun.30, 2017) (1,834.14 million shares, @ Baht 1 per share) Total Equity Baht 24,617 million (as of Jun.30, 2017) Company Rating “ A ” Stable, TRIS Issue Rating “ A ” Stable, TRIS CG Rating Dividend Policy Minimum 40% of net profit after tax 2Q2017 Opportunity Day Presentation

SHAREHOLDING STRUCTURE FOREIGN 47% FOREIGN FPHT 40% 53% OTHERS 27% LOCAL ROJANA 26% CITY REALTY GROUP 4% THAI N.V.D.R. 2% DIRECTORS & MANAGEMENT 1% ✶ On March 10, 2017 29% FREE FLOAT 2Q2017 Opportunity Day Presentation

BOARD OF DIRECTORS 1. Chainoi Puankosoom Independent Director and Chairman of the Board 2. Chatchaval Jiaravanon Independent Director 3. Threekwan Bunnag Independent Director 4. Tithiphan Chuerboonchai Independent Director 5. Panote Sirivadhanabhakdi Director 6. Chotiphat Bijananda Director 7. Uten Lohachitpitaks Director 8. Chali Sophonpanich Director 9. Chai Vinichbutr Director 2Q2017 Opportunity Day Presentation

BUS INESS 2Q2017 Opportunity Day Presentation

BUSINESS FOCUS Develops superior quality warehouses and factories Provides total solutions for customers in strategic locations Is customer focus Targets AEC countries for expansion Increases recurring income from rental, management fee and dividend income 2Q2017 Opportunity Day Presentation

TOTAL SOLUTIONS PROVIDER OF INDUSTRIAL PROPERTIES  International quality  Ready-built and custom-developed buildings  18 popular industrial estates and 33 strategic logistics locations  General Industrial Zones, Export Processing Zone or Duty-Free Zones  Flexibility for business operations  One-stop services 2Q2017 Opportunity Day Presentation

TICON GROUP PORTFOLIO AT A GLANCE Thailand* Indonesia* TICON and TPARK PT SLP Surya TICON Internusa 1. Karawang, West Java Factory space (in square meter) - Contracted 181,555 Area of development (in square meter) - Completed (phase-1) 34,560 - Available 218,225 - Completed (phase-2a) 50,000 - Occupancy rate 45% - Completed (phase-2b) 74,000 Warehouse space (in square meter) 2. Banjarmasin, South Kalimantan - Contracted 499,304 Area of development (in square meter) - Available 301,320 - Under preparation 9,820 - Occupancy rate 62% 3. Makassar, South Sulawesi Area of development (in square meter) - Under preparation 11,530 ✶ as of Jun.30, 2017 2Q2017 Opportunity Day Presentation

LOCATION MAP FACTORIES 18 LOCATION 2Q2017 Opportunity Day Presentation

LOCATION MAP WAREHOUSES o TPARK ROJANA (PRACHINBURI) 33 LOCATION 2Q2017 Opportunity Day Presentation

LOCATION MAP INDONESIA KALIMANTAN Population: 15.3 million SULAWESI Major Industry: Coal mining, Population: 18.5 million Petroleum, Major Industry: Nickel mining, Palm oil, Fisheries, Plywood Agriculture, Forestry Banjarmasin, South Kalimantan o BizPark Commercial Estate Makassar, South Sulawesi Karawang, West Java o Surya Cipta JAVA Population: 141.3 million Major Industry: Manufacturing, Services, Tourism, Industrial land 2Q2017 Opportunity Day Presentation

THAILAND : LOGISTICS CENTER FOR CLMV Distance between.. Thailand is ideally Bangkok and Hanoi = 1,337 KM Bangkok and Vientiane = 646 KM located between AEC and Southern China Bangkok and Yangon = 832 KM Bangkok and Ho Chi Minh = 863 KM Bangkok and Phnom Penh = 659 KM Bangkok and Kuala Lumpur = 1,479 KM Bangkok and Singapore = 1,836 KM 2Q2017 Opportunity Day Presentation

THAILAND : EFFECTIVE ROAD INFRASTRUCTURE Asian highway routes in Thailand help connect the country with Southern China and six ASEAN countries: 1. Myanmar 2. Laos 3. Vietnam 4. Cambodia 5. Malaysia 6. Singapore 2Q2017 Opportunity Day Presentation

THAILAND : EXTENSIVE TRACK INFRASTRUCTURE Thailand’s railway system is sufficient for regional transportation. In addition it is developing more efficient tracks i.e. double track railway and railway for high speed train use around the country. Map Symbols City Airport Customs checkpoint Single track railway Double track railway DTR under construction Future DTR to be built Hi speed railway to be built Hi speed railway phase 2 ASEAN railway annex Future Seaport seaport 2Q2017 Opportunity Day Presentation

EASTERN ECONOMIC CORRIDOR PROJECT TICON has over two million square Source: NESDB, The Fiscal Policy Office, MKE-ISR meters of factory and warehouse space plus more than 3,000 rais of land bank in 2Q2017 Opportunity Day Presentation EEC area

CLMV OPPORTUNITY FOR NEW INVESTMENT GDP Growth 7.7% Household Consumption 9.5% Growth GDP Growth 5.9% Household Consumption 11.3% GDP Growth 7.4% Growth Household Consumption 6.4% Growth GDP Growth 7.2% Household Consumption 9.3% Growth Source: IMF, average 2011-2015 2Q2017 Opportunity Day Presentation

COMPANY UPDATE 2Q2017 Opportunity Day Presentation

2017 TARGET NEW RENTAL SPACE 50,000 170,000 [*area in square meter] Factory Warehouse 2Q2017 Opportunity Day Presentation

CAPEX PLAN ON USE OF PROCEEDS FROM CAPITAL INCREASE Working Capital 1,430 Repayment of Debts 8,800 500 Overseas Expansion Total 13,230 million baht Land Development 2,500 0 2000 4000 6000 8000 10000 Capital (million baht) 2Q2017 Opportunity Day Presentation

2017 FIRST HALF ACTUAL USE OF PROCEEDS FROM CAPITAL INCREASE 157 1,006 3,090 1,000 1,820 [*amount in million baht] Short term loans repayment Long term loans repayment Debentures redemption Local investment 2Q2017 Opportunity Day Presentation

FINANCIAL HIGHLIGHTS 2Q2017 Opportunity Day Presentation

FIRST QUARTER 2017 EARNINGS REVIEW (Unit : Million Baht) Profit and Loss Statement 2Q2017 2Q2016 % change Rental and related service income 347 266 30% Management fee from funds/REIT 49 48 -2% Sales of properties 0 0 Interest income 28 4 600% Cost of rental and related services 109 63 73% Provision related to sales of properties (reversal) 0 (41) 17% 7 6 Selling expenses Administrative expenses 133 100 33% Depreciation cost 56 45 24% Share of profit from investments 58 64 -9% Finance cost 151 204 -26% Corporate income tax 0 21 -99% Net income (loss) 45 (9) 600% 2Q2017 Opportunity Day Presentation

PERFOR MANCE Space under Rent Occupancy Rate 2,100,000 120% 1,709,584 98% 98% 1,800,000 96% 95% 94% 100% 1,797,364 95% 91% 87% 87% 87% 90% 1,520,571 86% 82% 81% 83% 79% 1,500,000 78% 1,346,686 75% 74% 94% 73% 1,234,681 1,165,576 1,236,991 80% 93% 1,165,908 82% 1,082,173 79% 1,200,000 82% 923,936 77% 977,923 81% 78% 76% 61% 78% 60% 73% 68% 76% 800,601 63% 900,000 60% 65% 765,111 718,043 52% 626,812 573,041 40% 49% 523,741 46% 631,788 600,000 592,867 414,471 382,225 518,948 474,903 438,398 273,107 400,195 386,130 382,886 368,763 20% 353,705 300,000 296,825 302,640 387,515 261,840 182,355 165,380 314,408 324,550 169,730 214,890 0% 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TICON TICON & TPARK Funds & REIT Total under management TICON TICON & TPARK Funds & REIT Total under management Gross & Net Margin Total Revenue 8,000 100% 6,681 7,000 77% 77% 77% 6,165 76% 76% 6,048 75% 80% 72% 72% 6,000 71% 63% 5,349 5,000 60% 65% 3,521 3,422 4,000 3,140 54% 54% 52% 50% 2,618 40% 30% 47% 3,000 2,296 43% 45% 26% 25% 38% 38% 1,873 21% 21% 21% 2,000 19% 14% 15% 20% 12% 1,000 0 0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Gross margin - Without sales Gross margin - With sales Net margin 2Q2017 Opportunity Day Presentation